Agreement Funding Clause Samples
The Agreement Funding clause defines how the financial resources necessary to fulfill the obligations of the agreement will be provided. It typically outlines the sources of funding, the timing and method of payments, and any conditions or milestones that must be met for funds to be released. For example, it may specify that one party will make periodic payments or that funding is contingent upon achieving certain project deliverables. This clause ensures that all parties understand their financial commitments, reducing the risk of disputes over payment and supporting the smooth execution of the agreement.
Agreement Funding. The payments to Executive hereunder shall be made from assets which shall continue, for all purposes, to be a part of the general, unrestricted assets of the Company. No person shall have nor acquire any interest in any such assets by virtue of the provisions of this Agreement or any other agreement in connection with this Agreement. The Company’s obligation hereunder shall be an unfunded and unsecured promise to pay money in the future. To the extent that Executive acquires a right to receive payments from the Company under the provisions hereof, such right shall be no greater than the right of any unsecured general creditor of the Company. No such person shall have nor require any legal or equitable right, interest or claim in or to any property or assets of the Company. Nothing contained in this Agreement, and no action taken pursuant to its provisions by either party hereto, shall create, nor be construed to create, a trust of any kind or a fiduciary relationship between the Company and Executive, his beneficiary, or any other person.
Agreement Funding. It is understood and agreed between the Contractor and FSU that payment of compensation specified in this agreement, its continuation or any renewal thereof, is dependent upon and subject to the allocation or appropriation of funds to the FSU for the purpose set forth in this agreement.
Agreement Funding. Ohio Dept. of Medicaid Interagency Agreement - Public Health Lead Investigations
Agreement Funding. State of Ohio, General Revenue Fund (GRF)
2.1. Agreement Funding Source: 2.1. Grant Award Number: 2.1. CFDA Number: O.R.C. 3794.07 &.3794.09; O.A.C. Chapter 3701-52 2.1. Ohio Statute Authorizing Administration of the Program:
Agreement Funding. The Department’s obligation to pay compensation and benefits provided under this Agreement that come due in fiscal years beyond the fiscal year in which this Agreement is executed by the State Board is contingent upon legislative appropriation of funds for the Agreement. In the event that funds are not appropriated in future fiscal years for the payment of the obligations under this Agreement, or that the appropriation of funds is not approved by the Governor, the State Board may terminate the Agreement effective on the last date for which previously appropriated funds are available. The State Board will give ▇▇. ▇▇▇▇▇▇▇▇▇ as much written notice as is practicable prior to the effective date of any termination under this Section. All obligations of the State Board to make payments for compensation or benefits or expenses after the termination date will cease. In no event shall ▇▇. ▇▇▇▇▇▇▇▇▇ be entitled for a loss of anticipated financial benefit under this Agreement in the event of the termination of this Agreement and ▇▇. ▇▇▇▇▇▇▇▇▇’▇ employment under this Section.
Agreement Funding. The district or section requesting the agreement verifies that funding is available for the consultant services and the authority to use the funding has been completed. This funding process starts with approval of the ITD-2760, Request for District or Consultant Services. At times, the District or Section may need to submit an ITD-1414, Project Program Entry or Revisions, to the Office of Transportation Investments and an ITD-2101, Project Approval Request to Planning and Program Management to allocate the necessary funding for consultant services. The Notice to Proceed cannot be issued until the necessary funds are obligated as evidenced by an approved ITD- 2101. On FHWA Projects of Interest with approval of professional agreements required, the agreement must be approved by FHWA prior to the “2101” funds being authorized. • Introductions (sign-in sheet) (Typical attendees: Project Manager PDE, Technical Experts, Prime Consultant, Sub consultants, Consultant Services, local official (if local project), FHWA (if FHWA Project of Interest) • Define Project Title information to be used on all correspondence: Project Location Project Number Key No. Work Authority: • Agreement Administrator • Prime Consultant Subconsultant Task Subconsultant Task Subconsultant Task • Agreement Type: (i.e. Work Task, Professional Agreement, or Supplemental Agreement) • Basis of Payment:
(i. e. Cost Plus Fixed Fee, Specific Rates of Compensation, Lump Sum, or Cost Per Unit of Work)
Agreement Funding. The Agreement will commence by February 28, 2023. PAYMENT SCHEDULE: The Municipality will make 60 monthly or annual payments. PAYMENT AMOUNT: $37,999.57 for 60 months, payments made monthly, in arrears $465,530.90 for 5 years, payments made annually, in arrears FIXED RATE: 5.28% for 60 months If the lease commencement is after February 28, 2023, the rate is indexed to a rate equal to the FHLB Amortizing rate for 5 years plus a taxable spread of 2%.